Nissay Asset Management Corp Japan ADV Raises Holdings in F5 Networks, Inc. (NASDAQ:FFIV)

Nissay Asset Management Corp Japan ADV grew its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 13.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,204 shares of the network technology company’s stock after buying an additional 857 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in F5 Networks were worth $1,005,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of FFIV. APG Asset Management N.V. grew its holdings in shares of F5 Networks by 3,083.9% during the first quarter. APG Asset Management N.V. now owns 1,898,386 shares of the network technology company’s stock worth $265,319,000 after buying an additional 1,838,762 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of F5 Networks by 164.3% during the second quarter. First Trust Advisors LP now owns 1,270,893 shares of the network technology company’s stock worth $177,264,000 after buying an additional 790,058 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of F5 Networks by 1,122.1% during the first quarter. Franklin Resources Inc. now owns 789,662 shares of the network technology company’s stock worth $84,209,000 after buying an additional 725,047 shares during the last quarter. Norges Bank purchased a new position in shares of F5 Networks during the fourth quarter worth about $94,960,000. Finally, Janus Henderson Group PLC grew its holdings in shares of F5 Networks by 35.9% during the first quarter. Janus Henderson Group PLC now owns 619,820 shares of the network technology company’s stock worth $66,093,000 after buying an additional 163,780 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on the stock. BidaskClub downgraded shares of F5 Networks from a “hold” rating to a “sell” rating in a research report on Friday. Credit Suisse Group raised their price objective on shares of F5 Networks from $170.00 to $183.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Colliers Secur. upgraded shares of F5 Networks from a “neutral” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Wednesday, July 15th. Nomura Instinet lifted their price target on shares of F5 Networks from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Royal Bank of Canada lifted their price target on shares of F5 Networks from $135.00 to $154.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $159.76.

Shares of F5 Networks stock opened at $135.90 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.32 and a quick ratio of 1.10. F5 Networks, Inc. has a 1 year low of $79.78 and a 1 year high of $156.36. The company has a market capitalization of $8.26 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.75 and a beta of 1.09. The business has a 50 day moving average price of $141.68 and a 200 day moving average price of $130.72.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, July 27th. The network technology company reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.15. F5 Networks had a return on equity of 21.69% and a net margin of 13.95%. The firm had revenue of $583.25 million during the quarter, compared to the consensus estimate of $572.00 million. During the same period in the previous year, the firm posted $2.52 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, research analysts expect that F5 Networks, Inc. will post 6.76 EPS for the current fiscal year.

In other F5 Networks news, EVP Ana Maria White sold 1,034 shares of F5 Networks stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $132.16, for a total value of $136,653.44. Following the completion of the sale, the executive vice president now directly owns 11,610 shares of the company’s stock, valued at approximately $1,534,377.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 5,040 shares of F5 Networks stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $132.16, for a total transaction of $666,086.40. Following the completion of the sale, the chief executive officer now directly owns 56,500 shares of the company’s stock, valued at $7,467,040. The disclosure for this sale can be found here. Insiders have sold a total of 9,494 shares of company stock valued at $1,279,727 over the last 90 days. Insiders own 0.34% of the company’s stock.

About F5 Networks

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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